- The founder’s daring price objective has added gasoline to the fire of market speculation.
- More than 810 billion tokens have already been verified for burning since the campaign’s debut.
In its continuing “BURNmas campaign,” Bonk has revealed its audacious intention to burn 1 trillion tokens, with the founders estimating a $0.11 price objective. This would be a phenomenal increase of 328,000% from the current price of the BONK token. In addition, upon hearing that the token will be listed on the Robinhood exchange, its value increased by 30% in the past day. As interest in the token grows, it bodes well for its future value.
Market enthusiasts have taken notice of the most recent update regarding the BONK token burn. In addition, the founder’s daring price objective has added gasoline to the fire of market speculation. The token’s “BURNmas” event, which aims to significantly reduce its supply before Christmas, is much anticipated, and anticipation is rising as a result.
Generating Long Term Value
More than 810 billion tokens have already been verified for burning since the campaign’s debut on November 15th. The community is aiming to reach the 1 trillion milestone by December 24th, just in time for Christmas. “BURNmas” brings together community involvement and scarcity-driven economics; for example, for every tweet that uses the hashtag #LetsBONK, 100k tokens are added to the burn pile.
This endeavour has galvanized BONK fans all across the world, demonstrating their strong dedication to the token’s ecosystem. The burn event seeks to generate long-term value and solidify BONK’s position in the fiercely competitive cryptocurrency market by decreasing supply and raising scarcity.
BONK’s price increased 30% in the last day. However, the price faced slight correction at the time of writing and is now trading at $0.00003128 as per data from CMC. With a robust market presence and a trading volume of $851 million, the top meme currency enjoys a market worth of $2.57 billion. It has outperformed many other tokens in the past three months, with a price surge of 92%.
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